Product Sourcing Executive

1 week ago


Shah Alam, Malaysia ASTRA TAIPAN SDN BHD Full time

**Job Description & Responsibilities**

**Sourcing & Purchasing Management (Own Brand)**
- Sourcing suppliers and maintaining long-lasting relationships with them as well as existing suppliers
- Obtaining quotes from different suppliers and compiling a detailed assessment of cost breakdowns for comparisons
- Negotiating price, quantity and delivery schedules with suppliers
- Evaluating products and suppliers according to key criteria
- Preparing proposals and negotiating purchase terms and conditions
- Preparing and issuing purchase orders and agreements
- Monitoring supplier performance and resolving issues and concerns
- Inspecting and evaluating the quality of purchased items and resolving shortcomings
- Analyzing industry and demand trends and supporting senior management with the development and implementation of sourcing strategies
- Preparing reports and maintaining accurate inventory and procurement records
- Complying with company policies, procedures and regulatory standards

**Inventory Management**
- Take charge of inventory forecast for basic SKUs and promotional SKUs.
- Manage aging, risk and salvageable inventories
- Monitor weekly and monthly sales and stock forecast to ensure the optimum stock level is maintained within the agreed KPI
- Responsible to monitor left over promo stocks and initiate clearance plan.
- Keep track on customer’s promotional budget and International Key Account Customized Programmed Annual Plan to ensure sufficient inventories.

**Brand & Product Management**
- Strong product knowledge
- Drive new product, ensure brand awareness and analyze product market strategy

**Marketing & Promotional Budget**
- Prepare marketing budget to formulate effective promotion plan to meet sales objective.
- Work out the trade budget for activities and program for or festive period.
- Identify, develop and evaluate promotional strategy
- Tracking on promotional budget to ensure no overutilized or underutilized budget.
- Administration work such as raise advertising and promotional claims, damage claims, trade offer claims etc.
- Conduct regular market visit to update brand activation and competitor activities

**In Store Trade Promotion Planning**
- Conceptualize and execute below the line activities.
- Develop POSM to enhance in store product promotion.
- Take charge of premium sourcing for trade promotion use.

**Sales Support**
- Monitor and track the product’s sell in and sell out at retail.
- Work closely with sales team to ensure that strategies are aligned with sales objectives and targets are achieved for retail.
- Take charge of promotion stock allocation.
- Take charge of price quotation, tender or contract (food service) and promotion cost activation.
- Work closely with sales team for pre and post campaign requirement to deliver effective communications of products to the customers.
- Conduct regular product training to equip sales team with the relevant product knowledge and merchandising concept
- Support Brand Manager to execute new product launch and promotional activities to increase market share, develop new channels and penetrate new markets
- Any other tasks and responsibilities as directed by the Brand Manager

**Analysis & Reports**
- Prepare monthly sales report, such as monthly brand performance report by category SKU.
- Provide analytical support to principal on market share, competitor activity and constantly
- monitor competitor pricing, assortment, product launch for both retail and food service.
- Prepare Monthly Business Review presentation (food service and retail) to principal.

**Salary**: RM2,000.00 - RM3,500.00 per month

**Benefits**:

- Health insurance
- Maternity leave
- Opportunities for promotion
- Parental leave
- Professional development

Schedule:

- Monday to Friday

**Education**:

- Diploma/Advanced Diploma (preferred)

**Experience**:

- Purchasing: 1 year (preferred)

**Language**:

- English (preferred)

License/Certification:

- D (preferred)


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